As people begin the process of researching a potential solar PV system, one of the first questions they ask is “Is my roof even suitable for solar panels?” Solar panels are compatible with most roofing materials, but some are better for solar than others. Read on for EnergySage’s complete guide to determining whether your roof is good for solar.
With endless reasons to go solar in New York, many homeowners are enjoying the luxury that is the New York State Solar Tax Credit and you should too. In this article, we break down everything you need to know about tax incentives in NY.
What should you look at to determine if you’re getting a good deal on solar? There are lots of things to pay attention to when deciding on a solar energy system; but two of the most useful metrics for evaluating the cost and value of a solar power offer are price per watt, measured in dollars per watt of energy ($/W), and ‘levelized cost of energy’ (LCOE).
If you’re a business owner, the concept of “solar panels for businesses” might seem like a risky move in a complex and confusing market. You may have heard about major Fortune 500 companies going solar, but thought that it might not be feasible for your organization. Maybe you’re considering installing solar panels at some point in the distant future, when your organization can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.
The Megawatt Block Incentive Structure (Megawatt Block) is one of New York’s most important solar incentives. The program provides strong subsidies for both commercial and residential rooftop solar energy systems. The size of your subsidy depends on how big the solar energy system you install is, and how much solar energy is already being produced in your area. You also don’t need to take any action to claim the benefit if you use a state certified installer.
The most important conclusion of the report is this: While going solar with either of these options is likely save you money on your electricity bills, financing your system with a solar loan could save you up to 30% more than if you go solar with a solar lease or PPA.Continue reading →
Considering solar leasing over buying a system outright is a big decision and should not be impacted by marketing copy. Learn the facts and make the decision that works for you financially
Third party solar leases have proven themselves incredibly popular in recent years, playing a key role in propelling rooftop solar panels into the mainstream. Depending on the state, anywhere from 50%-90% of rooftop solar installations were financed by solar leasing or PPA at the beginning of 2014, according to the SEIA. You could say that solar leases have revolutionized the US solar industry.
But are solar leases always a good idea? These financial mechanisms are still relatively new and you, as a smart solar shopper, should approach them with a healthy dose of caution and a discriminating eye. This point has been highlighted in the recent efforts of a number of Congresspeople to shine a brighter light on how solar leasing is pitched to consumers – both for the sake of those in the market for a system as well as for the solar industry itself. Continue reading →
In the past, we’ve written about solar beginning to reach the MLB and the NFL. But since then, more and more professional sports teams are realizing the amazing power of solar energy. In an effort to both reduce their carbon footprint and save money, sports teams across the country are allowing solar power systems to take over their stadiums.
There are so many reasons why going solar is a great idea for anyone from the owner of a large stadium to the owner of a modest residential home. We are optimistic that in the near future every professional sports stadium in the country will be powered by clean, renewable solar energy. Right now, sports fans can follow in the footsteps of their favorite team and go solar themselves! The first step is getting an instant estimate of your property’s solar potential.
Solar loans are bridging the gap between purchasing your solar panel system with cash and using a lease or PPA. Like a purchase, a solar loan allows you to own your system and reap the many financial benefits tied to ownership. Like a lease or PPA, it will allow you to go solar with no money down. Today, a host of banks, credit unions and specialty finance companies have emerged presenting a wide range of solar loans. Continue reading →